Could Monster Beverage Corporation (MNST) Change Direction After Achieving 52-Week High?

Finally, Citigroup set a $60.00 price objective on Monster Beverage and gave the stock a "buy" rating in a research report on Wednesday, October 18th.

Let's take a closer look at some technical levels for Landcadia Holdings Inc (LCA).

Several brokerages have issued reports on MNST. Insider activity and sentiment signals are important to monitor because they can shed light on how "risky" a stock is perceived to be at it's current valuation. Credit Suisse maintained the stock with "Outperform" rating in Monday, November 20 report. The stock of Monster Beverage Corporation (NASDAQ:MNST) has "Neutral" rating given on Friday, November 13 by Susquehanna. Jefferies Group reiterated a "buy" rating and set a $65.00 price objective on shares of Monster Beverage in a research report on Friday, October 13th. The average analysts gave this company a mean recommendation of 2.50. This target by RBC Capital indicates the possibile downside of -5.38 % from the stock close price. The stock of Monster Beverage Corporation (NASDAQ:MNST) earned "Buy" rating by Jefferies on Monday, June 12. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $54.56. The stock has a market capitalization of $36,070.00, a P/E ratio of 46.69, a P/E/G ratio of 1.98 and a beta of 0.94. Monster Beverage Corporation owner and institutional ownership are respectively 0.40%, and 66.70%.

Monster Beverage Corporation (MNST) ended its previous trading session at $63.96 with the Gain of 0.58%. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.40. Monster Beverage Corporation had a net margin of 23.07% and a return on equity of 17.06%. The company's quarterly revenue was up 15.4% compared to the same quarter a year ago.

In other news, Chairman Rodney C. Sacks sold 898 shares of the firm's stock in a transaction on Thursday, December 28th. The Price to Sales (P/S) of the stock is 10.87, while P/B (Price to Book) stands at 9.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Following the transaction, the chief executive officer now owns 963,789 shares of the company's stock, valued at $62,174,028.39. The disclosure for this sale can be found here.

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CVS Health Corporation (NYSE:CVS)[Trend Analysis] shares price surged 2.04% during latest trading session. First Citizens Bank & Trust Co. now owns 20,932 shares of the company's stock valued at $1,325,000 after acquiring an additional 1,382 shares in the last quarter. Skylands Capital LLC acquired a new stake in shares of Monster Beverage in the 3rd quarter valued at approximately $276,000. Parametric Portfolio Associates LLC now owns 873,556 shares of the company's stock valued at $48,264,000 after purchasing an additional 105,389 shares in the last quarter. Finally, Calamos Advisors LLC raised its position in shares of Monster Beverage by 7.5% in the 2nd quarter. Public Employees Retirement System of OH boosted its stake in shares of Monster Beverage by 2.8% during the third quarter. Public Employees Retirement System of OH now owns 307,593 shares of the company's stock valued at $16,995,000 after purchasing an additional 8,444 shares in the last quarter.

Weighted Alpha is used to calculate how much a share has gone up or down over a certain period, normally a year.

The current dividend yield for Monster Beverage Corporation is *tba.

Monster Beverage Corporation (NASDAQ:MNST) has declined 3.63% since January 9, 2017 and is downtrending. The Company's Monster Energy Drinks segment sells ready-to-drink packaged drinks and non-carbonated dairy based coffee energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers, and the military.

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